GLOBAL EQUITY MARKETS – April 26, 2025
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) completed the consolidation as a double top with the latest breakdown below 115 levels. Double top price target was quickly met at 107.2 levels. The correction extended beyond the price objective. Rebound following news effect regarding Tariffs helped the ETF to fill the gap. 115-116 area is the resistance. The ETF is now at its 200-day average. Only after a sharp recovery above the 200-day average we can start thinking about the bullish possibilities. ETF stalling around resistance area can form the right shoulder of a possible long-term H&S top.
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GLOBAL EQUITY MARKETS – April 19, 2025
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) completed the consolidation as a double top with the latest breakdown below 115 levels. Double top price target was quickly met at 107.2 levels. The correction extended beyond the price objective. Rebound following news effect regarding Tariffs helped the ETF to fill the gap. 115-116.11 area will act as resistance. Further weakness can extend the correction towards 93.3 levels. It is important to note that the ETF is below its 200-day average. Only after a sharp recovery above the 200-day average we can start thinking about the bullish possibilities. ETF stalling around resistance area can form the right shoulder of a possible long-term H&S top.
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CRYPTOCURRENCIES – April 13, 2025
BTCUSD cleared the horizontal resistance at 73.7K to new all-time highs. Clear breakout signal from the broadening pattern on weekly scale. Price is consolidating earlier gains. Previous resistance at 73.7K becomes the new support. Previous support at 91.2K is the new resistance. So far price held above the year-long average. Read More
